Smartshares Limited releases results for the NZX 10 Fund (smartTENZ)

30 August 2006 – Smartshares Limited, a wholly owned subsidiary of New Zealand Exchange Limited (NZX), has announced its results for the smartTENZ Fund, (Fund) covering the six-month period from 1 January 2006 to 30 June 2006.

Key points include:

• The NZX 10 Index*, (Index), which incorporates both price changes and dividends paid, was down 2.41% for the six months to 30 June 2006.
  - During the period, Unitholders received fully imputed distributions totalling 5.08 cents per unit.
  - The net tangible asset value per unit as at 30 June 2006 was $1.16, down 6.34% from $1.24 at 30 December 2005 . The capital value of the NZX 10 Index was down 6.34% for the same period. Therefore the Fund accurately tracked the Index for the six months ended June 2006.
  

Other significant events during the period included:

• Index changes –Vector Limited replaced Carter Holt Harvey Limited on 4 January 2006.
• Smartshares added a fifth fund to their family of funds on 30 June 2006 – the NZX Australian 20 Leaders Index Fund (smartOZZY).
• Smartshares launched a quarterly electronic communication, smartALERT. Interested parties can register to receive smartALERT on our website, www.smartshares.co.nz.

For further information regarding Smartshares visit www.smartshares.co.nz.

*Gross with imputation credits index value

Download the smartTENZ Appendix 1.

For more information, please contact: